Benefits of Trademark Registration in India, FAQ’S on Trademark, What is the Madrid Protocol & Advantages | SattvaCFO

Benefits of Trademark Registration in India

Article discusses on Benefits of Trademark Registration in India and FAQ’S on Trademark. What is the Madrid Protocol & Advantages.

Benefits of Trademark Registration in India

Legal protection:

Trademarks are considered intellectual property and are thus protected against duplication after being registered.

Differentiation of products or services:

Trademark registrations are unique to the goods or services they indicate.

Brand recognition:

Customers link a product’s performance, quality, features, and other attributes with the firm that makes it.

Asset creation:

The registration of a trademark is the creation of an asset for a firm. For accounting and income tax reasons, a trademark is considered an intangible asset.

Goodwill and business valuation:

Trademarks that are registered and linked with your goods increase the total value, goodwill, and net worth of your company in the market.

Trademark recognition:

In India, a trademark is valid for ten years from the date of submitting an application.

Business expansion:

A trademark provides a link between a company’s products and its customers.

 

FAQ’S on Trademark

When is the TM used?

Once a trademark application has been submitted with the Controller General of Patents, Designs, and Trademarks, the TM mark can be used in conjunction with the Trademark.

 

Who needs Trademark registration?

A trademark can be registered for any term, title, device, logo, number, or color combination that can be visually represented.

Which Trademark cannot be registered?

A similar or identical mark to an already registered trademark or a trademark where a request has been filed is ineligible for registration.

What is a Trademark Class?

The trademark registration includes a list of 45 Classes that all sorts of products and services are represented in order to standardize the goods or services that the Trademark will represent.

Is my Trademark valid across the world?

It is not valid across the world; it’s only valid in India.

How long does it take for Trademark registration?

In 1 to 3 days, a trademark application can be submitted with the trademark register. On the other hand, the registrar will generally take 6 to 24 months to complete its procedures and give trademark registration. You check trademark status online.

Can foreign applicants also apply for the registration of their Trademark in India?

Yes. Benefits of Trademark Registration in India. FAQ’S on Trademark. What is the Madrid Protocol & Advantages.

What is the Madrid Protocol?

Registrants can use this method to fill out a single application in their native language, which can subsequently be submitted to over 90 member nations.

Are there any advantages of filing under the Madrid Protocol?

  • It’s a more practical and cost-effective option.
  • It eliminates the possibility of multiple applications.
  • The procedure takes less time.
  • It features a consolidated trademark application process that allows a person to receive global protection with only one application and one set of payments.

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